PayPal logo can be seen at its office in San Jose, California, United States on November 23, 2019. PayPal has agreed to acquire Honey Science Corporation, a rapidly-growing technology platform for shopping and rewards, for approximately $4 billion. (Photo by Yichuan Cao/NurPhoto via Getty Images)
PayPal Stock Forecast: Highlights
–PayPal Stock Forecast: Shares of PYPL are expected to trade between $112 and $118. The overall recommendation is Hold.
-The average 12 month target for PYPL is $182.5.
–Positives: Attractive valuation, growth momentum
–Negatives: DeFi is a threat, slow growth of average per user transaction
–Zacks investment analysts rated this stock as a hold for the short term.
Paypal stock has gained +2.5% in the last month, outperforming the Zacks S&P 500 index, which has gained +3.8%.
As it approaches its next earnings announcement, investors will be looking for Paypal to show strength. The company is anticipated to have earnings per share of $0.88, -27.87% from the previous quarter.
Solana Pay is another potential Paypal competitor. Solana Pay is an interesting new breakthrough in digital payments.
PayPal is a prominent player in the field of electronic payments. The company processed a remarkable $1.25 trillion in total payment volume (TPV). As of now, it seems that PayPal’s business space in digital payments will not be challenged.
Analysts anticipate posting earnings of $1.12 per share, -8.2% Y-o-Y.
Search trend of the stock in google is downward trending since last week, one reason because there has been only 2% overall price moment in last 5 days.
Given the company’s capabilities to roll with changes in the fintech industry, especially DeFi and Crypto, the short-term recommendation to buy the stock.
You must log in to post a comment.